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@ISIDEWITHQuestionsEconomyStarted 5yrs agoActive 24hrs ago

Should the technology of our financial system transition to a decentralized protocol, that is not owned or controlled by any corporation, similar to the internet?

Decentralized Finance (commonly referred to as DeFi) is a blockchain based and cryptographically secure form of finance. Inspired after the financial crisis of 2008, DeFi does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains, the most common being Ethereum. DeFi platforms allow people to verify any transfer of ownership, lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrencies, insure against…  

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Answer Overview

Response rates from 316 20190 voters.

51%
Yes
49%
No
37%
Yes
44%
No
9%
Yes, but only if it’s truly decentralized and cannot be manipulated by any person, group, or government agency
5%
No, and I don’t understand the concept of decentralized finance
3%
Yes, but I would prefer if the protocol was created and secured by a government agency instead of a decentralized protocol
2%
Yes, this would reduce wealth inequality by providing more transparent, affordable, and inclusive access to financial services

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 @ISIDEWITH submitted…1yr1Y

Bernie Sanders Charges Ahead As Democrats Stall Out

Bernie Sanders launched a tour in red states like Iowa and Nebraska to rally opposition to Donald Trump’s agenda, drawing massive crowds—thousands in Omaha and overflow audiences in Iowa City.Unlike the Democratic Party’s muted response to Trump’s election, Sanders is actively challenging the administration’s plutocratic policies, focusing on billionaire influence and federal deregulation.In Iowa City, Sanders spoke to packed venues, delivering back-to-back speeches to accommodate attendees, a first in his political career, highlighting his enduring appeal.He criticized Trump’s inner circle, including billionaires Elon Musk, Jeff Bezos, and Mark Zuckerberg, who attended the inauguration, and warned of their control over federal agencies.Sanders galvanized the crowd with historical references—suffrage, slavery, independence—urging grassroots action to counter Trump’s planned $1 trillion tax cuts for the rich and cuts to programs like Medicaid.Attendees expressed frustration with Democratic leaders like Hakeem Jeffries, calling their opposition to Trump weak or nonexistent, while praising Sanders for providing direction.Sanders highlighted the slim Republican House majority (three seats), suggesting constituent pressure could sway vulnerable GOP members to block Trump’s reconciliation bill.Early signs show GOP walkbacks—like Trump’s false claim Medicaid won’t be cut—after outrage over federal grant pauses disrupted services, proving grassroots impact.The crowd, mostly liberal, cheered Sanders’ defense of reproductive rights and jeered Trump’s USAID cuts and Zelensky attacks, though some noted a shift in his base—younger Trump supporters absent.Sanders ended with Lincoln’s Gettysburg Address, framing the fight as a timeless struggle against billionaire rule, inspiring attendees like Audrey to re-engage and Erin to find hope in solidarity.

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